MEMORANDUM
TO:
MDTA Board
FROM: Director of Budget Jeffrey Brown SUBJECT: Fiscal Year 2026 Amended Operating Budget vs. Actual Spending Review DATE: September 24, 2026
PURPOSE The purpose of the memorandum is to report on fourth quarter Fiscal Year (FY) 2026 spending compared to the FY 2026 Amended Operating Budget. KEY TAKEAWAY As of June 30, 2026, 94% of the budget was spent compared to a target of 100%. Higher than anticipated costs associated with employee overtime (due to weather- related events and MDTA Police vacancies), IT cost pressures, and property insurance were more than offset by lower-than-expected expenses across the remainder of the budget. SUMMARY Budget analysis threshold: More than $500,000 budgeted with variances greater than +/- 5% of the targeted spending level. • Salaries & Wages/Technical & Special Fees ( Object 01 & 02 - $249.9M Budget ) are at targeted spending levels with a 94% spend rate. • Communications ( Object 03 - $4.4M Budget ) is slightly below budget with a 90% spend rate. • Travel ( Object 4 - $571K Budget ) is below budget with a 63% spend rate. Travel has been consistently at this level since FY 2024. This line item will undergo further analysis for potential savings in the FY 2028 budget as the spending level appears to have settled at a lower level.
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